ES Support and Resistance for November 29

Today's levels.

The E-mini S&P 500 FuturesContract (ES) opened lower, just above S2. The initial approach to S2 saw S2 yield. That followed news that Congress may compromise with the president on spending and taxing issues, which saw the markets spike higher. The ES shot through S2. After breaking through S1, it paused. It then continued its rise. The pivot proved to be ineffective as the rise halted only briefly. Upon reaching R1, the ES began moving sideways. As we moved into the last half hour, the ES began moving higher.